Classical Recording Foundation Inc

Analysis

Classical Recording Foundation Inc is a registered charity in United States, based in South Salem, NY. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Classical Recording Foundation Inc reported income of $398k and spending of $413k, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $355k to $398k (+12%), an average of +3.8% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Classical Recording Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Maude I Kerns Art Center ($398k), The Point Theater Inc ($398k) and Allied Arts Association ($398k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $118k against liabilities of $1,250, net assets of $117k.